US expected to exit USMCA, starting a decade-long countdown for trade pact

US President Donald Trump’s administration is expected to formally declare on Wednesday that it will not extend the Mexico-Canada-agreement" class="entity-link entity-topic" data-entity-id="155846" data-entity-type="topic">US-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free-trade zone as the three countries haggle over proposed changes.That declaration will kick off a six-year review session, part of a “sunset clause” negotiated by Trump’s first administration. However, it will do little to alter contentious negotiations over the pact’s future, including sweeping demands to boost US and regional content in North American automotive production and trade protections to block Chinese goods from benefiting ‌from USMCA.Trade chiefs from the US, Mexico and Canada are expected to meet virtually on Wednesday and declare whether they want to extend the pact for another 16 years.